Monday, September 20, 2010

Internal audit is not new in Nepal. But its time that internal audit should be either enriched or made productive or either scrapped. Internal audit in Nepal is mostly done by banks and financial institutions. And in most of cases internal audit is so undermined that it is done side by side with statutory audit. Actually if we go and ask any CEO the importance of internal audit, few will say something. But whatever they say in heart they must be confused themselves and think what does it actually do?..

Well let me tell you the answer it just an expenditure of bank or financial institutions which get him some points on compliance of Nepal Rastra Bank. There is no case till now that on the basis of internal audit report, Company's cost is reduced or some effective control is achieved. Almost most of control mechanism is brought in by experienced bankers or by imitating each other either by understanding or not.

So its time in Nepal too to create some concrete standard for internal auditing like other countries. Common we can't always look at indian institute and imitate them. Everyone has brain, so do we.

Otherwise soon there will be a day when internal auditor will be considered a shameless person who does only a repetitive crap thing which disturbs employee and irritate the managers.

Saturday, September 11, 2010

1. You will need to find a place where you can be alone and undisturbed

2. You can sit crossed legged on the floor if you can or in a chair, as long as you're comfortable

3. You must sit with your spine erect so you won't have any problems later on

4. Take a few deep breaths to relax your body5. In your mind go through each muscle group and relax them, to do this you simply think about each muscle group from your neck to your feet and just feel them getting relaxed and getting heavy and comfortable. "My chest is relaxing and getting heavy and calm" is something you could use as an inner direction to your mind while you relax.

6. It is advisable to practice each exercise daily for more than one week

The Exercises

These concentration exercises will help you gain all that was listed above. So make sure you read them carefully then carry them out. I know you will very surprised by your concentration ability once you've started making your way through these exercises.

Exercise 1

Take a book and count the words in any paragraph. Count them again to be sure that it was correct. Start with one paragraph and when it becomes easier count all the words on the page. Perform the counting mentally and only with your eyes

Choose an inspiring word or just a simple sound and repeat it silently in your mind for 5 minutes. When it becomes easier, try 10 minutes

Exercise 5

Take a fruit, apple for example and look at it from all sides. Concentrate and examine it from all angles. Don't think of anything but the apple. Just look at it, see it, smell it and touch it.

Exercise 6

Same as exercise 5. Only this time you visualise the fruit with your eyes closed. Start again with exercise 5 for 5 minutes and then do exercise 6 with your eyes closed. Try to see, feel, taste and smell the fruit.

Exercise 7

Take a small simple object such as a spoon, a fork or a glass. Concentrate on it and watch the object from all sides without verbalisation, that is, with no words in your mind. Just watch the object without thinking with words about it

Exercise 8

Draw a small geometrical figure, about 3 inches in size, such as a triangle, a rectangle or a circle. Paint it with any colour you wish and concentrate on it. Only see the figure. Do not think any words, only the figure exists. Watch the figure in front of you and try not to strain your eyes.

Exercise 9

Same as 8, only this time visualise the figure with your eyes closed. If you forget you can pen your eyes and look at your figure.

Exercise 10

Same as 9 but with eyes open

Exercise 11

Try for at least 5 minutes to stay without any thoughts

Secret for success is constant practise, more time you dedicate to the exercises the faster it will come. Reading this article on how to concentrate on studies, how to develop concentration and how to determine concentration will have opened your mind more to possiblities and I hope it helps you greatly. Good luck